Valued Contributor
rckstrscott
Posts: 2,660
Registered: ‎04-25-2011
Re: Anyone see any risk here?

As a previously crappy, sometimes shady dude, and 10 years removed from it, I can tell you this:

 

PREPAID VISA CARDS - DO IT!

 

It was the first thing that I used in order to get myself out of the cash only rut, and into the idea that I could manage my money better. Yeah, you have to pay a little to load them, but you get online interfaces that almost, just almost make you feel like a normal human being. You are able to see your accounts online, you are able to track.

 

It isn't a solution for everyone, but I think in your brothers case, this is the best solution; for now.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX